Winter Olympics Betting Guide for 2022

Canada has hosted the Winter Olympics twice before. This is our guide to betting on this huge sporting event.

Here’s what is in store for you on this page:

  • Winter Olympics betting advice galore, including review criteria and guidance on how to sign up to a sportsbook
  • Key information about the event, including host venues, how Winter Olympics odds work and which sports are popular for mobile and live betting?
  • A list of the best Winter Olympics betting sites that are recommended to you by our experts

Best Winter Olympics Betting Sites in Canada

Last reviewed: May 2021
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Last reviewed: May 2021
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The expert team at OnlineGambling.ca carefully reviews and ranks the best online casinos and sports betting sites available in Canada, based on the following criteria: security, payout speed, win rate, bonuses, choice of games/sports markets, customer service and mobile compatibility. Read more about us.
Canada’s top sportsbook
1 Since 2006
4.5 /5
Excellent
C$200 Bonus
  • Check icon Win Rate: 100%
  • Check icon Payout Speed: 24 hrs

Pros

  • Check icon Dozens of sports to bet on
  • Check icon Dedicated sports betting app
  • Check icon Specific esports promotions

Cons

  • Check icon FAQs section is lacking

Payments

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Quickest payouts
2 Since 2001
4.4 /5
Great
C$200 Bonus
  • Check icon Win Rate: 100%
  • Check icon Payout Speed: 24 hrs

Pros

  • Check icon Easy sports navigation
  • Check icon Very quick payout time
  • Check icon Efficient customer support

Cons

  • Check icon No phone support

Payments

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Best navigation
3 Since 2012
4.3 /5
Great

Coming soon

C$250 Bonus
  • Check icon Win Rate: 97.17%
  • Check icon Payout Speed: 24 hrs
Play Now

Coming soon

Pros

  • Check icon Very modern sportsbook
  • Check icon Low bonus wager requirement
  • Check icon Personalized sports betting

Cons

  • Check icon Promotions aren’t so regular

Payments

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Enjoy a safe & fun experience We only list fully licensed and regulated sites.
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Best customer service
4 Since 2003
4.2 /5
Great
C$10 Bonus
  • Check icon Win Rate: 100%
  • Check icon Payout Speed: 24 hrs

Pros

  • Check icon Easy-to-claim sign-up offer
  • Check icon Renowned customer support
  • Check icon Decent range of promotions

Cons

  • Check icon Few payment options

Payments

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5 Since 2008
4.2 /5
Great
C$300 Bonus
  • Check icon Win Rate: 100%
  • Check icon Payout Speed: 24 hrs

Pros

  • Check icon Large sports betting selection
  • Check icon Dedicated sports betting app
  • Check icon Huge selection of promotions

Cons

  • Check icon No live chat support

Payments

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Best racebook
6 Since 1997
4.1 /5
Great
C$125 Bonus
  • Check icon Win Rate: 97.22%
  • Check icon Payout Speed: 3 days

Pros

  • Check icon Refer-a-friend bonus offer
  • Check icon Stylish sportsbook design
  • Check icon Separate racebook section

Cons

  • Check icon Few esports betting options

Payments

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7
4.0 /5
Great
C$300 Bonus
  • Check icon Win Rate: 100%
  • Check icon Payout Speed: 1-2 days

Pros

  • Check icon 1,000 daily sports events
  • Check icon Dedicated esports section
  • Check icon 24/7 customer support

Cons

  • Check icon Limited VIP program

Payments

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8 Since 2003
3.8 /5
Good
C$500 Bonus
  • Check icon Win Rate: 100%
  • Check icon Payout Speed: 48 hrs

Pros

  • Check icon Leading sports odds
  • Check icon Fast and easy to navigate
  • Check icon Daily promos & free bets

Cons

  • Check icon No live streaming available

Payments

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9
3.9 /5
Good
C$1,000 Bonus
  • Check icon Win Rate: 100%
  • Check icon Payout Speed: 5 days

Pros

  • Check icon Big variety of sports markets
  • Check icon Award winning mobile app
  • Check icon Great sports betting promos

Cons

  • Check icon Slightly confusing sports page

Payments

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10 Since 2017
3.9 /5
Good
C$200 Bonus
  • Check icon Win Rate: 100%
  • Check icon Payout Speed: 1-3 days

Pros

  • Check icon Multiple live betting options
  • Check icon Very appealing site design
  • Check icon Quick payout times

Cons

  • Check icon Deposit & withdrawal fees
  • Check icon Customer support is not 24/7

Payments

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See our 100+ reviews

How we Review the Best Winter Olympics Sportsbooks

  • A <strong>safe and secure</strong> gambling environment so you can bet with confidence

    A safe and secure gambling environment so you can bet with confidence

  • <strong>Bonuses</strong> for signing up and other offers to keep you coming back for more

    Bonuses for signing up and other offers to keep you coming back for more

  • Helpful <strong>customer service</strong> that’s available around the clock and in many forms

    Helpful customer service that’s available around the clock and in many forms

  • Great choice of Winter Olympics odds so you can <strong>bet</strong> on all the action both before it
                            starts and live

    Great choice of Winter Olympics odds so you can bet on all the action both before it starts and live

  • Fully <strong>licensed</strong> sites which have got the gambling authorities’ seal of approval

    Fully licensed sites which have got the gambling authorities’ seal of approval

How to Sign Up to a Winter Olympics Betting Site

  • Winter Olympics Betting Site - Fact 1

    Pick one of our recommended best Winter Olympics betting sites to join

  • Winter Olympics Betting Site - Fact 2

    Locate the ‘sign up’ button that should be displayed prominently on the homepage

  • Winter Olympics Betting Site - Fact 3

    Fill in the registration form with your personal details and information

  • Winter Olympics Betting Site - Fact 4

    You may be asked to provided security questions and answers that give your account an additional safety level

  • Winter Olympics Betting Site - Fact 5

    Sometimes setting a username is optional, but you will always be required to create a password or pin code for access

  • Winter Olympics Betting Site - Fact 6

    If you have a promo code that needs quoting to receive a welcome bonus, now is the time to enter it when prompted

  • Winter Olympics Betting Site - Fact 7

    Agree to sportsbook terms and conditions, and don’t forget to verify your age

Key Facts & Info on the Winter Olympics

To get you started with Winter Olympics betting in Canada, here are some key facts about it:

  • Winter Olympics - Fact 1

    After the success of re-establishing the Summer Olympics, a Winter version was thought up and first held in 1924

  • Winter Olympics - Fact 2

    Only sports that are played on snow or ice can be part of the Winter Olympics

  • Winter Olympics - Fact 3

    Canada, as noted above, has twice hosted the Winter Olympics. Calgary in Alberta was chosen in 1988 and Vancouver in British Columbia for the 2010 Games

  • Winter Olympics - Fact 4

    Until 1992, the Summer and Winter Olympics were held in the same year at four-year intervals

  • Winter Olympics - Fact 5

    In order to space out Olympic events more, the Winter Games were moved to two years through a Summer cycle starting in 1994

  • Winter Olympics - Fact 6

    The United States is the only nation to have hosted four different Winter Olympics

  • Winter Olympics - Fact 7

    Sports can be added or removed from the Winter Olympics calendar as per the International Olympic Committee (IOC) selection policy

How Winter Olympics Odds Work

You may be wondering how Winter Olympics odds work. It’s all quite simple really. Popular sports (more on those below) will be priced up on betting sites, so let’s work through an example:

Canada
Canada
2.10
United States
United States
2.75

Canada are playing the United States at ice hockey. Not all that surprising, given both countries have representation in the NHL.

In this instance, Canada are favourites in the betting to win as their price is smaller. For every C$10 wagered on them, they yield C$11 of profit which is a return of C$21.

The United States, meanwhile, are betting underdogs. For every C$4 staked on them, the return is C$11 - C$7 of which is profit.

That’s simple enough. Ties can also occur, but at the Winter Olympics an ice hockey match may need to have a winner if it’s for a Gold medal.

The American moneyline system is also popular and another alternative way of expressing odds is to use fractions. We went with decimal prices in this example, because they too are common. For more on comparing odds types, see our calculator.

Popular Winter Olympics Betting Options

These are some of the most popular sports you can bet on at the Winter Olympics:

  • Ice Hockey

    Ice Hockey

    As noted above, Olympic ice hockey is a very popular sport for Winter Olympics betting in Canada. You can bet on individual match winners or who will win the Gold medal?

    Points spread and total goals markets are also available on ice hockey as standard. Remember, futures betting sits side by side with wagers like these.

    Eg: Canada to beat
    the United States
    2.10
    Canada
  • Figure Skating

    Figure Skating

    Futures betting should be available on which individual or couple will win gold in their respective disciplines.

    Eg: Jayne Torvill and
    Christopher Dean
    to win the pairs ice dance
    5.00
    Jayne Torvill and Christopher Dean
  • Curling

    Curling

    Curling is a team sport where stones are slid across a sheet of ice. Brooms are used to sweep the ice in front of a stone into a target made of concentric circles.

    Although a somewhat niche sport, curling is curiously exciting and futures betting should be available on the competing countries.

    Eg: Team GB to win
    2.88
    Team GB to win
  • Skiing

    Skiing

    The Winter Olympics doesn’t get more traditional than this. There are many different types of skiing discipline and betting exists on alpine, cross-country and Nordic combined events.

    Eg: Deborah Compagnoni
    to win the women’s
    giant slalom
    2.50
    Deborah Compagnoni
  • Snowboarding

    Snowboarding

    Skateboarding on ice is more or less the name of the game with snowboarding. There are parallel, half-pipe, cross and slopestyle events for you to bet on.

    Eg: Shaun White to win
    the men’s half-pipe
    3.25
    Shaun White
  • Biathlon

    Biathlon

    Combining cross-country skiing and rifle shooting sounds like something out of an old James Bond film. The biathlon is a very popular Winter Olympics event, though, and there are many different versions of it.

    Sprints, pursuits, relays and mass starts are all held alongside individual disciplines. Biathlon betting is surprisingly lively during the Winter Games.

    Eg: Martin Fourcade
    to win the men’s pursuit
    2.38
    Martin Fourcade
  • Ski Jumping

    Ski Jumping

    When it comes to ski jumping, there’s the normal hill and the large hill. The further you jump, the more points you get. Jumpers compete as individuals and as a team for their country.

    Wind assistance can have a huge hand in this sport, and that’s always something to think about when betting on it.

    Eg: Kamil Stoch
    to win the men’s
    individual large hill
    3.75
    Kamil Stoch
  • Bobsleigh and Skeleton

    Bobsleigh and Skeleton

    Like the luge, hurtling downhill in a bobsleigh or skeleton can give the sportsmen and women who do it a real adrenaline rush. Crews can be up to and including four people. The aim is to make yourself or collectively as streamline as possible.

    Whichever individual or crew makes it down the course fastest wins. You should find plenty of skeleton and bobsleigh betting during the Winter Olympics.

    Eg: Canada to win
    the two-women bob
    7.00
    Canada

Betting Bonuses

One thing you should definitely getting when engaging with Winter Olympics betting are bonuses. Broadly speaking, there are three different types available to you:

  • Welcome Bonus

    Welcome Bonus

    • A welcome bonus is more or less what is says on the tin: something that incentivizes you for joining a betting site
    • It’s practically a universal expectation that sportsbooks will offer you something for signing up
    • All the best Winter Olympics betting sites have these, but make sure you understand the terms and use a promo code if needed to get it
  • Enhanced Odds

    Enhanced Odds

    • Enhanced odds, also called price boosts or flash odds, give extra value on an anticipated outcome
    • Unlike welcome bonuses, these should be available to both new and existing customers of a betting site
    • Such enhanced odds may only be available for a limited time, so you need to get your bets on quickly
  • VIP Club

    VIP Club

    • If you regularly place wagers on a certain betting site, many now want to reward your loyal custom through a VIP Club
    • Provided you opt in and meet the terms by placing a number of qualifying bets in the specified timeframe, you can get weekly bonuses
    • A VIP Club isn’t as exclusive as it sounds. What’s great about them is they’re open to both new and existing customers prepared to bet regularly

Winter Olympics Betting Apps

One of the major developments in gambling of recent times is the advent of mobile betting. What are the benefits of placing wagers through your smartphone?

  • Mobile Winter Olympics betting is available to you as most betting sites have an app for Apple and Android devices which you can download
  • These are like a mobile version of the sportsbook, but give you a streamlined gambling experience which make it as easy as possible to place a bet
  • We carry our smartphones with us everywhere these days. By doing so, you in effect have access to betting anywhere with an internet signal
Mobile Winter Olympics Betting

Sports Guides

Live Betting on the Winter Olympics

  • Like the mobile revolution, another marked shift in gambling has come from the introduction of live betting
  • You can now place bets on major sporting events like the Winter Olympics while the sport is actually happening
  • Lookout for ice hockey live betting odds among others during the Winter Games to enhance your experience of watching the action unfold
What is Winter Olympics Live Betting?

Modern Winter Olympics Host Venues

These locations have all either hosted or are set to host the Winter Olympics:

Chamonix, France

1924

St Moritz, Switzerland

1928

Lake Placid, New York, United States

1932

Garmisch-Partenkirchen, Germany

1936

St Moritz, Switzerland

1948

Oslo, Norway

1952

Cortina d’Ampezzo, Italy

1956

Squaw Valley, California, United States

1960

Innsbruck, Austria

1964

Grenoble, France

1968

Sapporo, Japan

1972

Innsbruck, Austria

1976

Lake Placid, New York, United States

1980

Sarajevo, Bosnia-Herzegovina (then Yugoslavia)

1984

Calgary, Alberta, Canada

1988

Albertville, France

1992

Lillehammer, Norway

1994

Nagano, Japan

1998

Salt Lake City, Utah, United States

2002

Turin, Italy

2006

Vancouver, British Columbia, Canada

2010

Sochi, Russia

2014

PyeongChang, South Korea

2018

Beijing, China

2022

Conclusion

We hope this Winter Olympics betting guide has been helpful. As one of the great sporting events held every four years, it’s often well worth the wait to watch.

Should you need any more Winter Olympics betting advice, then our FAQs section below has answers to common queries.

Interested in the Summer Olympics? Then read our comprehensive Summer Olympics 2021 betting guide.

FAQs

How does Winter Olympics betting work?

Winter Olympics betting in Canada is just the same as everywhere else. Select the sport you want to bet on during the Games, then add the bet you want to place to your slip. Now enter your stake and confirm your wager.

What are the best sites to bet on the Winter Olympics?
Can I bet on the Winter Olympics on mobile?
Which sports are the most popular for Winter Olympics bets?
Is Winter Olympics betting legal in Canada?
What is Winter Olympics live betting?